The role of India in global economic governance: Analyzing India's position in G20 and beyond
Dr. Peethala Jayanand Kumar
India's role in global economic governance has steadily grown, particularly through its active participation in the G20 since 2010. This research review focuses on India’s evolving position in G20 discussions, examining its influence on trade, financial stability, sustainable development, and debt relief. India has championed reforms in international financial institutions like the IMF, advocated for more inclusive global trade policies, and emerged as a leader in promoting financial inclusion and digital infrastructure. Additionally, India’s contributions to global debt relief, especially through the Debt Service Suspension Initiative during the COVID-19 pandemic, underscore its commitment to supporting developing economies. India's leadership in renewable energy, driven by its efforts in the International Solar Alliance, has also positioned it as a key player in G20 climate negotiations. This review provides a comprehensive analysis of India's contributions, supported by data from 2010 to 2024, with a focus on its impact on global policy decisions. Key trends, such as India's push for sustainable development and digital trade, are discussed alongside challenges related to global financial regulation and geopolitical dynamics. The article also highlights areas where India’s leadership could evolve further, particularly in digital governance and cybersecurity. By analyzing India's contributions within the G20, this review offers insights into how emerging economies can influence global economic governance, with tables, graphs, and figures illustrating key trends and outcomes.
Dr. Peethala Jayanand Kumar. The role of India in global economic governance: Analyzing India's position in G20 and beyond. Int J Foreign Trade Int Bus 2024;6(2):43-48. DOI: 10.33545/26633140.2024.v6.i2a.115